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General Deductions Checklist 
 
  • Advertising related to the producing of assessable income

  • Bank fees associated with receiving wages into bank account

  • Borrowing expenses relating to producing of assessable income

  • Cleaning costs relating to home office or work clothes

  • Cost of cleaning and maintaining clothing used for income producing purposes

  • Cost of protective clothing or safety footwear

  • Depreciation of items of equipment costing more than $300.00

  • Donation to school building fund

  • Donations to any charity

  • Electricity charges relating to office expenses

  • Employment lawyer expense

  • Expenditure on compulsory uniforms

  • Expenditure on non-compulsory uniforms that distinctively identifies the wearer with the employer

  • Expenditure on occupation specific clothing

  • Expenses in attending a convention or conference related to business or employment

  • Fees and charges that relate to the producing of assessable income

  • Income protection insurance

  • Insurance of business- or work-related plant and equipment or premises

  • Interest related to investment related loans

  • Parking expenses when attending conference or meeting

  • Postage relating to producing of assessable income

  • Proportion of internet expense if related to work

  • Proportion of telephone if related to work

  • Rates and taxes relating to office expenses or investment / commercial property

  • Research and Development expenditure for any business

  • Security costs relating to the protection of business property

  • Self-education expenses when related to your current employment

  • Seminar costs

  • Subscriptions to technical and trade journals, newspapers, or magazines

  • Superannuation 

  • Tax preparation expenses

  • Technical and trade books and journals

  • Tools of trade – purchases

  • Tools of trade – repairs

  • Travel between two places of employment

  • Travel expenses if they relate to your current employment

  • Union Dues and subscriptions

    Here is a helpful link to the ATO tax deductions guidelines:

    https://www.ato.gov.au/individuals/income-and-deductions/occupation-and-industry-specific-guides/



     

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